Business

[ad_1] Various mango varieties, such as Alphonso, Kesar, Banganapalli and Himayat, have gained access to the US market. (AI image) The US rejecting mango consignments from India has led to exporters destroying the fruits resulting in big losses, and Indian authorities have alleged that America did not follow the standard procedure. After Indian authorities faced rejection of 15 mango consignments by the US due to procedural issues, they have said that US inspectors failed to adhere to the established protocol.Various mango varieties, such as Alphonso, Kesar, Banganapalli and Himayat, have gained access to the US market. Additionally, northern Indian varieties including Raspuri, Langra, Chausa, and Dasheri are successfully undergoing irradiation treatment for export purposes.The value of Indian mango exports to the United States has shown significant growth, increasing by 130% to $10 million in FY24, compared to $4.36 million in […]

[ad_1] Gold turned volatile last week as it plunged by almost 3% to a low of $ 3120 per Oz in spot before recovering. (AI image) Gold price prediction today: Gold rate has been fluctuating amidst global turmoil and uncertainty regarding Donald Trump’s trade policies, the recent US credit rating downgrade. Till a few weeks ago gold prices were touching lifetime highs, but have since then retreated. So what’s the gold price outlook for this week, and what should investors do if gold prices drop further? Maneesh Sharma, AVP - Commodities & Currencies, Anand Rathi Shares and Stock Brokers shares his views and recommendations:Gold Price TrendsGold turned volatile last week as it plunged by almost 3% to a low of $ 3120 per Oz in spot before recovering and closing above $ 3200 per oz on a weekly basis. A […]

[ad_1] Market experts anticipate sideways movement whilst following international developments, particularly US trade negotiations with India and China. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Wednesday. While Nifty50 went above 24,700, BSE Sensex was up over 200 points. At 9:22 AM, Nifty50 was trading at 24,749.05, up 65 points or 0.26%.BSE Sensex was at 81,409.82, up 223 points or 0.28%.Market experts anticipate sideways movement whilst following international developments, particularly US trade negotiations with India and China.Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “Spike in uncertainty and risk is impacting the market rather unexpectedly. Yesterday’s FII sell figure of Rs 10016 crores is a major reversal of their big buying in May and if this persists it has the potential to impact the market. What caused this […]

[ad_1] Top stocks to buy today (AI image) Stock market recommendations: According to Mehul Kothari, DVP - Technical Research, Anand Rathi Shares and Stock Brokers, Chennai Petro, Jubilant Pharmova, and ONGC are the top stocks to buy today:CHENNAI PETRO: BUY NEAR ₹670 | Stop Loss: ₹570 | Target: ₹870 (3 Months)Chennai Petro has broken out of a prolonged consolidation phase, forming a classic inverse head and shoulders pattern. The breakout is supported by strong volumes and has occurred above the 200 DEMA, adding strength to the bullish structure.A positive crossover in ADX (14) and a breakout in the weekly RSI suggest trend initiation and fresh momentum. Traders may consider entering near ₹670 with a stop-loss at ₹570 and a target of ₹870 over the next 3 months.JUBILANT PHARMOVA: BUY NEAR ₹980 | Stop Loss: ₹940 | Target: ₹1060 (Short Term)Jubilant […]

[ad_1] The Wall Street opened on Tuesday at a slight low as the recent rally momentum slowed. The S&P 500 declined 0.3% in early trading Tuesday, while the Dow Jones Industrial Average decreased by 22 points and the Nasdaq composite fell 0.4%. Treasury yields and the US dollar remained stable. Home Depot reported positive revenue exceeding analyst expectations for the year's beginning, maintaining its annual profit and sales growth forecasts.The markets already hinted at a slow start prior to the opening bell as the earnings season approaches conclusion. During pre-market trading, S&P 500 futures declined 0.2%, Dow Jones Industrial Average futures remained flat, and Nasdaq futures dropped 0.2%.However, Home Depot shares increased over 2 per cent in the premarket trading following better-than-expected sales figures and confirmation of previous sales projections, despite housing market challenges. Target and Lowe's are scheduled to […]

[ad_1] NEW DELHI: Hindalco Industries, the metals flagship of the Aditya Birla Group, reported a 66 per cent year-on-year surge in consolidated net profit to Rs 5,284 crore for the quarter ended March 2025, up from Rs 3,174 crore a year ago. The robust performance was driven by strong Indian operations, aided by favourable macroeconomic conditions and lower input costs.Consolidated revenue from operations rose to Rs 64,890 crore, compared to Rs 55,994 crore in the same quarter last year.For the full financial year FY25, Hindalco posted a record consolidated profit after tax of Rs 16,002 crore, up from Rs 10,155 crore in FY24. Annual revenue grew to Rs 2,38,496 crore, against Rs 2,15,962 crore in the previous fiscal."Hindalco delivered an all-time high performance in FY25, driven by strong operational resilience, cost discipline, and continued momentum across all our businesses. Our […]

[ad_1] NEW DELHI: The Competition Commission of India (CCI) on Tuesday approved Bajaj Group’s plan to acquire a 26% stake each in Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance from its partner Allianz SE, valued at Rs 24,180 crore."The proposed combination involves acquisition of 26 per cent paid-up equity share capital of Bajaj Allianz Life Insurance Company Ltd (BALIC) and Bajaj Allianz General Insurance Company Ltd (BAGIC) by Bajaj Finserv Ltd (BFS), Bajaj Holdings & Investment Ltd (BHIL) and Jamnalal Sons Pvt Ltd (JSPL) from Allianz SE," the regulator said in a release.BFS operates in financial services, including consumer and SME finance, housing finance, and general insurance. JSPL operates as a private limited company under the Companies Act, 1913.BHIL maintains RBI registration as a non-banking financial company. Currently, BFS holds 74 per cent stakes in both BALIC and […]

[ad_1] NEW DELHI: The government has extended the implementation timeline for the Safety of Household, Commercial and Similar Electrical Appliances Quality Control Order, 2025 by nearly one year, now scheduled to take effect from March 19, 2026, for domestic large and medium enterprises as well as foreign manufacturers.The decision follows a stakeholder consultation held on May 15, during which Commerce and Industry Minister Piyush Goyal addressed industry concerns, including issues related to legacy stock and the preparedness required for compliance. The extension aims to ease the transition and support smoother implementation.The Quality Control Order (QCO) applies to all household and commercial electrical appliances with voltage ratings up to 250 volts for single-phase and up to 480 volts for other appliances, including DC and battery-operated equipment. However, the Department for Promotion of Industry and Internal Trade (DPIIT) clarified that electrical products […]

[ad_1] NEW DELHI: The Income Tax Department has officially notified the updated return form, called ITR-U, allowing taxpayers with an extended window of four years to rectify or update their income tax returns. This move comes in line with the amendments introduced in the Finance Act, 2025.Previously, taxpayers had a 24-month period to file an updated return from the end of the relevant assessment year (AY). However, the Finance Act, 2025 has now extended this period to 48 months, offering greater flexibility for individuals and businesses to disclose previously omitted or inaccurately reported income.Reasons to file ITR-UThe ITR-U form facilitates voluntary compliance by allowing taxpayers to file an updated return in cases of:Return previously not filedIncorrect reporting of incomeWrong heads of income chosenReduction of carried forward lossesReduction of unabsorbed depreciationReduction of tax credit under sections 115JB/115JCApplication of wrong rate of […]

[ad_1] NEW DELHI: The rupee declined by 16 paise to settle at 85.58 against the US dollar on Tuesday, weighed down by weak domestic equity markets and a rise in US Treasury yields. The drop marked a reversal from Monday’s gain, when the rupee had appreciated by 15 paise to close at 85.42.Currency dealers attributed the pressure on the rupee to the recent uptick in the US 10-year Treasury yield, which reflects mounting concerns over fiscal and monetary policy outlooks in the US and is contributing to higher global borrowing costs. Additionally, continued outflows of foreign investment and elevated crude oil prices added to the strain on the domestic currency, though a weaker US dollar index helped contain further losses, reported PTI.At the interbank foreign exchange market, the rupee opened at 85.47 and moved between an intraday high of 85.39 […]